112 STAT. 934 PUBLIC LAW 105-219—AUG. 7, 1998 "(A) the amount of Fund capitalization, including insured credit unions' 1 percent capitalization deposits and the retained earnings balance of the Fund (net of direct liabilities of the Fund and contingent liabilities for which no provision for losses has been made); to "(B) the aggregate amount of the insured shares in all insured credit unions. "(3) INSURED SHARES. —The term 'insured shares', when applied to this section, includes share, share draft, share certificate, and other similar accounts as determined by the Board, but does not include amounts exceeding the insured account limit set forth in section 207(c)(1). "(4) NORMAL OPERATING LEVEL.— The term 'normal operating level', when applied to the Fund, means an equity ratio specified by the Board, which shall be not less than 1.2 percent and not more than 1.5 percent.". 12 USC 1782 (b) EFFECTIVE DATE.— This section and the amendments made "^oteby this section shall become effective on January 1 of the first calendar year beginning more than 180 days after the date of enactment of this Act. SEC. 303. ACCESS TO LIQUIDITY. Section 204 of the Federal Credit Union Act (12 U.S.C. 1784) is amended by adding at the end the following new subsections: "(f) ACCESS TO LIQUIDITY.— The Board shall— "(1) periodically assess the potential liquidity needs of each insured credit union, and the options that the credit union has available for meeting those needs; and "(2) periodically assess the potential liquidity needs of insured credit unions as a group, and the options that insured credit unions have available for meeting those needs. "(g) SHARING INFORMATION WITH FEDERAL RESERVE BANKS.— The Board shall, for the purpose of facilitating insured credit unions' access to liquidity, make available to the Federal reserve banks (subject to appropriate assurances of confidentiality) information relevant to making advances to such credit unions, including the Board's reports of examination.". TITLE IV—MISCELLANEOUS PROVISIONS 12 USC 1752a SEC. 401. STUDY AND REPORT ON DIFFERING REGULATORY note. TREATMENT. (a) STUDY. — The Secretary shall conduct a study of— (1) the differences between credit unions and other federally insured financial institutions, including regulatory differences with respect to regulations enforced by the Office of Thrift Supervision, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Administration; and (2) the potential effects of the application of Federal laws, including Federal tax laws, on credit unions in the same manner as those laws are applied to other federally insured financial institutions.
�
